Dividends

Dividends and dates subject to approval and declaration by the Board of Directors:

Equitable Group Inc. Common Shares (TSX: EQB)

Declaration Date

Record Date

Payment Date

Amount Per Share

February 29, 2016

March 11, 2016

April 7,2016

$0.20

May 12, 2016

June 15, 2016

July 7, 2016

$0.21

August 11, 2016

September 15, 2016

October 3, 2016

$0.21

November 10, 2016

December 15, 2016

January 5, 2017

$0.22

February 16, 2017

March 10, 2017

April 6, 2017

$0.23

May 1, 2017

June 15, 2017

July 6, 2017

$0.23

August 10, 2017

September 15, 2017

October 5, 2017

$0.24

November 9, 2017

December 15, 2017

January 4, 2018

$0.25

Equitable Group Inc. Series 3 Preferred Shares (TSX: EQB.PR.C)

Declaration Date

Record Date

Payment Date

Amount Per Share

February 29, 2016

March 11, 2016

March 31,2016

$0.396875

May 12, 2016

June 15, 2016

June 30, 2016

$0.396875

August 11, 2016

September 15, 2016

September 30, 2016

$0.396875

November 10, 2016

December 15, 2016

December 30, 2016

$0.396875

February 16, 2017

March 10, 2017

March 31, 2017

$0.396875

May 1, 2017

June 15, 2017

June 30, 2017

$0.396875

August 10, 2017

September 15, 2017

September 30, 2017

$0.396875

November 9, 2017

December 15, 2017

December 30, 2017

$0.396875

Designation of Eligible Dividends

Equitable Group Inc., for the purposes of the Income Tax Act (Canada), and any similar provincial and territorial tax legislation, advises that all of its dividends paid to Canadian residents on common or preferred shares in 2006 are eligible dividends and all dividends paid thereafter will be eligible dividends unless indicated otherwise.

Dividend Restrictions

Equitable Group Inc. is prohibited by the Business Corporations Act (Ontario) from declaring dividends on its preferred or common shares if there are reasonable grounds for believing that (a) Equitable Group Inc. is, or the payment would cause Equitable Group Inc. to be, unable to pay its liabilities as they become due, or (b) the realizable value of Equitable Group Inc.’s assets would thereby be less than the aggregate of, (i) its liabilities, and (ii) its stated capital of all classes. Equitable Group Inc. does not anticipate that this condition will restrict it from paying dividends in the normal course of business.